go+into+bankruptcy
61BAPCPA — Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005 This legislation primarily affects consumer filings, making it more difficult for a person or estate to file for Chapter 7 bankruptcy. The BAPCPA impacts business filers as… …
62conversion — changing chapters in bankruptcy (e.g., converting from Chapter 11 to Chapter 7 or vice versa) (Glossary of Common Bankruptcy Terms) In bankruptcy, the converting of a case from one chapter to another. When a debtor in possession under Chapter 11… …
63collective bargaining agreement — An employment agreement entered into by an employer with a group of employees. A union contract is a collective bargaining agreement. (Bernstein s Dictionary of Bankruptcy Terminology) United Glossary of Bankruptcy Terms 2012. collective… …
64privity of contract — The relationship between two or more parties who enter into a contract directly with each other. (Bernstein s Dictionary of Bankruptcy Terminology) United Glossary of Bankruptcy Terms 2012. privity of contract The relationship between two or more …
65schedules of assets and liabilities — Every debtor is required to file lists of assets and liabilities. These lists are on prescribed forms and divide assets and liabilities into various categories. (Bernstein s Dictionary of Bankruptcy Terminology) United Glossary of Bankruptcy… …
66stipulation — An agreement entered into between the parties, plaintiff and defendant. (Bernstein s Dictionary of Bankruptcy Terminology) United Glossary of Bankruptcy Terms 2012. stipulation An agreement entered into between the parties, plaintiff and… …
67chapter — the Bankruptcy Code is organized into Chapters. Except for Chapter 12, the Chapters of the present code are all odd numbered and are enumerated with Arabic numerals. (Before the Bankruptcy Reform Act of 1978, the Chapters were numbered with Roman …
68secured debt — debt backed by a mortgage, pledge of collateral or other lien. It is debt for which the creditor has the right to pursue specific pledged property upon default (Glossary of Common Bankruptcy Terms) A claim secured by a lien in the debtor s… …
69small claims — under a plan of reorganization or liquidation, claims that are small (e.g. in the hundreds or thousands of dollars range) and numerous are often grouped into a single class and settled for cash for administrative convenience (Glossary of Common… …
70prebankruptcy planning — The transmutation of a debtor s property in an effort to maximize the benefits afforded by the exemption statutes. Prebankruptcy planning typically includes converting nonexempt assets into exempt assets (SA Bankruptcy.com) The arrangement (or… …
